eBay vs Macy's
Macy's is the larger business, with $22.62bn of revenue in fiscal 2026 against $11.10bn for eBay (2.0 times as much). eBay grew faster (7.9% against -1.7%). eBay kept more of each dollar of sales as profit: a net margin of 18.3% against 2.8%.
| Latest fiscal year | eBayEBAY, 2025 | Macy'sM, 2026 |
|---|---|---|
| Revenue | $11.10bn | $22.62bn |
| Revenue growth | 7.9% | -1.7% |
| Net income | $2.03bn | $642m |
| Operating margin | 20.5% | — |
| Net margin | 18.3% | 2.8% |
| Return on equity | 42.1% | 13.6% |
| Free cash flow | $1.43bn | $1.06bn |
| Cash | $1.87bn | $1.25bn |
| Total debt | $6.78bn | $2.43bn |
| Debt to equity | 151.1% | — |
| Dividend per share | — | $0.73 |
| Dividend yield | 1.0% | 3.1% |
| Share buybacks | $2.50bn | $250m |
| Employees | 12,300 | 94,570 |
| Market value | $52.27bn | $6.25bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 87 (Strong) | 45 (Moderate) |
| Insider trades, 12 months | 0 buys, 108 sales | 0 buys, 24 sales |